$XRP : Will the CLARITY Act End the SEC-CFTC Turf War Today? The most significant piece of crypto legislation in U.S. history, the Digital Asset Market Clarity Act (CLARITY Act), faces a high-stakes markup vote today, May 14, at 10:30 AM ET. Led by Chairman Tim Scott, this bill is designed to provide the "rules of the road" institutional investors have been demanding. The Four Pillars of CLARITY: Jurisdictional Split: The SEC governs "ancillary assets" (initial stages), while the CFTC takes over once a network is sufficiently decentralized—classifying them as "digital commodities." Self-Custody & DeFi: The bill includes explicit protections for individual self-custody and carves out shields for truly decentralized DeFi protocols. Stablecoin Stability: Sets a strict 1:1 reserve requirement for stablecoin issuers to prevent another Terra-style collapse. AML & Safety: Implements standard anti-money laundering (AML) requirements for centralized intermediaries to root out illicit finance. The Political Battle:While CEOs from Coinbase and Ripple have praised the bipartisan effort, Senator Elizabeth Warren and major banking lobby groups are mounting a late-stage pushback. Despite over 100 proposed amendments, Polymarket currently gives the bill a 75% chance of passing before 2027. Market Impact:For assets like XRP, which recently received a joint SEC-CFTC "commodity" interpretation, the CLARITY Act would turn that temporary status into permanent federal law. A successful committee vote today would be a massive "Risk-On" signal for the entire digital asset ecosystem. #Bitcoin #BingX